Lessee Asset Accounting Software – Lease4000

Real Asset Management International's (RAMI) lessee accounting software provides complete control over both finance and operating leases used to acquire fixed assets and inventory items and also those used to effectively manage domain name registration, website contracts and software support agreements.

Lease4000 fully automates the process of apportioning finance lease payments between the finance charge and the reduction of the outstanding obligation. The charge or interest against finance leases is calculated in accordance with the guidelines specified by the International Accounting Standards Board (IAS 17).

Features & Benefits of Lessee Accounting Software

• Automatically generate user-definable payment schedules in advance or in arrears.
• Monitor expiration dates to prevent costly automatic extensions.
• Terminate or reschedule leases at any time and charges are automatically re-calculated.
• Access a complete history of payments and events against each lease.
• Choose from the following interest calculation methods: Equal, Actuarial and Sum-of-Digits (Rule of 78).
• Produce a full range of standard and customized reports and forecasts.
• Declare, on any lease, the minimum contract payment and the minimum payments.
• Utilize direct links to RAMI's fixed asset and non-capitalized asset registers.
• Login with a valid username and password combination prior to accessing the database.
  
• Establish individual or group access rights for security purposes.

Reporting & Forecasting

Lease4000's powerful, built-in report writer is capable of producing many standard and user-defined reports. Some commonly used reports include: Obligations Analysis; Commitments Analysis; Period Finance Charges Report and Finance Lease Schedule.

Reports can be created for any range of accounting periods including past, current and future. Each report can be sequenced by up to three levels. For example, the Obligations Analysis report can be ordered by Lease Code within each Apportioned Method within Lessor. This report could then be set-up to sub-total at any of the three levels. Reports can be restricted to only show records with accrual dates within specified time periods.

All management and statutory reports within Lease4000 comply with IAS 17.

Quickly transform a report summary into a detailed, professional analysis. Reports can be viewed on screen, sent to a printer, emailed or exported to business tools such as Microsoft Excel©.

Real Asset Management International strives to maintain its high standards within the software industry and has received the following accreditations:

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